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See - Sada Elbalad
6 days ago
- Business
- See - Sada Elbalad
Despite Global Decline, Silver Prices Rise 1.5% in Local Market
Waleed Farouk Silver prices recorded a notable increase in the local market over the past week, rising by 1.5%, in contrast to a 0.8% decline in global spot prices. The global dip is largely attributed to profit-taking amid weakening demand for safe-haven assets. The week began with 800-grade silver trading at EGP 50.50 per gram and closed at EGP 51.25, reflecting a gain of 0.75 pounds. On the international front, silver opened the week at $36.23 per ounce and ended at $35.93, down by $0.30. As of the latest data, 800-grade silver is priced at EGP 51.25 per gram, while 999-grade is at EGP 64.00, and 925-grade at EGP 59.25. A silver pound coin (925-grade) is currently valued at EGP 474. Despite persistent geopolitical tensions—particularly in the Middle East—selling pressure after silver broke above the $36 threshold prompted some investors to lock in profits, leading to a modest global retreat. According to data from the Silver Institute, over 80% of global silver demand originates from industrial sectors, notably solar energy, automotive, and electronics. This strong industrial demand continues to provide robust price support despite market fluctuations. Over the past month, silver has gained approximately 9% (about $3), and 13.56% over the last three months (equivalent to $4.30). Since the beginning of 2025, the metal has surged by 25%. In the long term, silver prices have doubled—rising 102%—compared to January 2020 levels when the metal traded at $17.92 per ounce. Historically, silver hit an all-time high of $48 in 2011 and a record low of $3.55 in 1991. Analysts at Citibank forecast continued silver strength, projecting prices could reach $40 within 6 to 12 months, and potentially hit $46 by Q3 2025, driven by supply shortages and persistent industrial momentum. Meanwhile, gold is currently trading at $3,369 per ounce, placing the gold-to-silver ratio at 93.79:1—historically high—suggesting that silver may still be undervalued and primed for further gains. Amid anticipation surrounding upcoming U.S. Federal Reserve decisions and ongoing market volatility, silver continues to affirm its role as a hedge and store of value. It remains supported by geopolitical uncertainty and a murky global economic outlook. With diverging expectations for monetary policy and persistent global volatility, silver—alongside gold—remains an attractive hedge for investors navigating what many describe as a 'cautious wait-and-see' environment in global financial markets. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War Arts & Culture Zahi Hawass: Claims of Columns Beneath the Pyramid of Khafre Are Lies News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
Yahoo
11-06-2025
- Business
- Yahoo
UBS refreshes its silver prices outlook for 2025
-- UBS said it expects silver prices to climb as high as $40 per ounce in the coming months, driven by investor appetite for U.S. dollar alternatives, continued ETF inflows, and a weaker greenback. UBS raised its near-term silver price forecast to $38/oz and said it could reach up to $40/oz is possible. Silver is already up 26% year-to-date, outpacing expectations amid strong momentum trading and a breakout above the $34.60 technical resistance level. The silver market is small, just 11% the size of gold, which means even modest shifts in allocations by retail or institutional investors can move prices meaningfully. ETF holdings have risen to around 751 million ounces, including 35.6 million ounces of inflows so far this year, the highest since 2023. Futures market positioning remains net long by roughly 304 million ounces, up by 103 million ounces since late 2024. UBS said macroeconomic tailwinds such as anticipated U.S. interest rate cuts and softening dollar strength could keep the precious metal in favor, even if industrial demand remains steady. The firm downplayed the need for reserve manager or industrial buying, citing structural tightness in the silver market and strong interest from private investors. Global silver demand is expected to hit 1.2 billion ounces this year, while supply is seen rising just 3% to 1.05 billion ounces, resulting in a fifth consecutive market deficit of around 149 million ounces, according to Silver Institute projections. UBS also sees potential for the gold-silver ratio to fall below 90x, further supporting silver's relative appeal. While staying long silver remains the bank's core recommendation, it also favors strategies that monetize downside risk, such as selling puts, citing attractive option volatility and a bullish price outlook. Related articles UBS refreshes its silver prices outlook for 2025 Oklo and Centrus Energy stocks jump after DoD nuclear reactor award Papa John's stock rises after reported takeover bid from Apollo, Qatari fund Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-06-2025
- Business
- Yahoo
ETFs Riding High on Multi-Year Record Silver Prices
Silver soared to its highest level in more than a decade, topping $35.90 per ounce — a level not seen since February 2012. The rally comes amid a weakening U.S. dollar, heightened global trade uncertainty and rising interest in precious metals as geopolitical and economic hedges. Silver has risen 24% so far this miners also spiked, as they are the biggest beneficiaries of a surge in silver prices. These act as leveraged plays on underlying metal prices and thus tend to experience more gains than their bullion cousins in a rising metal market. Investors seeking to tap the rally could consider ETFs like iShares Silver Trust SLV, abrdn Physical Silver Shares ETF SIVR, Global X Silver Miners ETF SIL, ETFMG Prime Junior Silver ETF SILJ and iShares MSCI Global Silver and Metals Miners ETF SLVP. The silver surge mirrors the recent rally in gold, with both precious metals benefiting from investor anxiety surrounding President Trump's evolving tariff agenda. Silver futures for July delivery jumped more than 4% on Thursday, riding a wave of momentum that analysts say has been building for months. 'The breakout has been brewing for a while,' said Maria Smirnova, CIO at Sprott Asset Management. 'Silver had attempted to breach the $35 threshold several times recently. This move is technically significant and could ignite a wave of physical buying that accelerates the rally.' A major tailwind for silver is the sustained supply deficit in recent years. The silver market is heading for the fifth year of deficit, driven largely by surging industrial demand, particularly from the green energy and electronics sectors. Per the Silver Institute industry association, total silver demand is expected to reach 1.148 billion ounces this year, while supply is forecast at just 1.030 billion ounces. Silver is often used to preserve wealth during times of financial and political uncertainty and usually does well when other asset classes struggle. Geopolitical tensions and ongoing uncertainty over the Trump administration's trade policies enhance the metal's attractiveness among investors (read: Tap Income ETFs Amid Trump Tariffs' Legal Trouble). Silver is benefiting from its dual role as both an investment asset and an industrial metal. The white metal is used in a wide range of industrial applications. About half of the metal's total demand comes from industrial applications, while 30% comes from jewelry/silverware/coins and medal manufacturers. Additionally, the global push for green energy, increasing demand in areas like 5G, a rebound in global computer shipments, the photovoltaics (PV) and automotive industries and new sources of demand for sensors used in IoT and OLED lighting will continue to boost silver demand. Silver is largely used for manufacturing solar panels and electric vehicles, and will play a key role in the shift to 5G wireless network technology. The gold-to-silver ratio has tightened sharply from around 105 in April to approximately 94 by early June, indicating silver is outperforming gold. Since gold has also seen strong inflows (up 29% year to date), this shift added fuel to silver ETF flows (read: Gold Eyes Best Week in a Month: Will ETFs Sustain the Rally?). Another crucial factor behind silver's rally is the weakness in the U.S. dollar. The dollar index has declined steadily over recent weeks, driven by growing concerns over America's fiscal trajectory. President Trump's newly passed tax bill, which raises the debt ceiling by $4 trillion, has added to investor anxiety over ballooning federal deficits. As the greenback loses value, dollar-denominated assets like silver have become more attractive to foreign have discussed the abovementioned ETFs here:iShares Silver Trust (SLV) iShares Silver Trust offers exposure to the day-to-day movement of the price of silver bullion. It is an ultra-popular silver ETF, with an AUM of $16 billion and a heavy volume of 15 million shares a day. It charges 50 bps in fees per year from Physical Silver Shares ETF (SIVR) abrdn Physical Silver Shares ETF tracks the performance of the price of silver less the Trust expenses. It has an AUM of $1.8 billion and trades in a good volume of around 628,000 shares per day on average. SIVR has an expense ratio of 0.30%.Global X Silver Miners ETF (SIL) Global X Silver Miners ETF provides investors access to a broad range of silver mining companies by tracking the Solactive Global Silver Miners Total Return Index. It holds 40 stocks in its basket with a double-digit concentration on the top two firms. Global X Silver Miners ETF has managed assets worth $1.7 billion and trades in a good volume of about 1.4 million shares a day. It charges 65 bps in annual Prime Junior Silver ETF (SILJ)ETFMG Prime Junior Silver ETF is the first ETF to target small-cap silver miners. It provides direct exposure to the small-cap silver mining exploration and production industry by tracking the Prime Junior Silver Miners & Explorers Index. ETFMG Prime Junior Silver ETF holds 56 stocks in its basket, with Canadian firms taking the lion's share at 57%, while the United States takes 18% exposure. It has managed assets worth $1.3 billion and trades in a good volume of nearly 3 million shares a day. It charges 69 bps in annual fees (see: all the Materials ETFs here).iShares MSCI Global Silver and Metals Miners ETF (SLVP)iShares MSCI Global Silver and Metals Miners ETF follows the MSCI ACWI Select Silver Miners Investable Market Index, providing investors exposure to companies that derive the majority of their revenues from silver exploration or metals mining. It holds 30 stocks in its basket, with Canadian firms making up the lion's share at 69.1%, while the United States and Mexico round off the next spots. iShares MSCI Global Silver and Metals Miners ETF has AUM of $285.7 million and an average daily volume of about 189,000 shares. It charges 39 bps in annual fees. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report iShares Silver Trust (SLV): ETF Research Reports abrdn Physical Silver Shares ETF (SIVR): ETF Research Reports Global X Silver Miners ETF (SIL): ETF Research Reports Amplify Junior Silver Miners ETF (SILJ): ETF Research Reports iShares MSCI Global Silver and Metals Miners ETF (SLVP): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Time of India
05-06-2025
- Business
- Time of India
Silver hits new peak of Rs 1.04 lakh/kg amid global, industrial push
Silver touched a new high of Rs 1,04,675 per kg on Thursday. The precious metal crossed the Rs 1 lakh mark on June 3 and was trading at Rs 1,00,980 per kg. 'The increase in silver prices was largely expected, given gold's extraordinary performance, which set the stage for silver's growth. Despite silver being widely used in industrial applications, its price has not surged as dramatically as gold's,' Rajesh Rokde, chairman of All India Gem & Jewellery Domestic Council (GJC). Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trading CFD dengan Teknologi dan Kecepatan Lebih Baik IC Markets Mendaftar Undo Recently, reports indicate that Ukraine launched drone strikes on Russian airfields, targeting military aircraft2. In response, Russian President Vladimir Putin has stated that Moscow will retaliate. The geopolitical tension surrounding this situation could have significant implications for global markets, including precious metals like silver. 'This is a powerful threat, and it could also boost silver prices. Given the current circumstances, there is a strong expectation of a massive surge in silver prices,' Rokde said. From a fundamental perspective, the silver market remains on solid footing. The Silver Institute forecasts another supply-demand deficit in 2025, marking the fifth consecutive year of shortfall. Industrial demand, a key pillar, is projected to hit a new high, bolstered by growth in green energy sectors. Silver industrial fabrication is expected to rise by 3%, exceeding 700 million ounces for the first time. Investment demand is also projected to grow by 3%, driven by recovery in Europe and North America.
Economic Times
05-06-2025
- Business
- Economic Times
Silver hits new peak of Rs 1.04 lakh/kg amid global, industrial push
Silver touched a new high of Rs 1,04,675 per kg on Thursday. The precious metal crossed the Rs 1 lakh mark on June 3 and was trading at Rs 1,00,980 per kg. ADVERTISEMENT 'The increase in silver prices was largely expected, given gold's extraordinary performance, which set the stage for silver's growth. Despite silver being widely used in industrial applications, its price has not surged as dramatically as gold's,' Rajesh Rokde, chairman of All India Gem & Jewellery Domestic Council (GJC). Recently, reports indicate that Ukraine launched drone strikes on Russian airfields, targeting military aircraft2. In response, Russian President Vladimir Putin has stated that Moscow will retaliate. The geopolitical tension surrounding this situation could have significant implications for global markets, including precious metals like silver. 'This is a powerful threat, and it could also boost silver prices. Given the current circumstances, there is a strong expectation of a massive surge in silver prices,' Rokde a fundamental perspective, the silver market remains on solid footing. The Silver Institute forecasts another supply-demand deficit in 2025, marking the fifth consecutive year of shortfall. Industrial demand, a key pillar, is projected to hit a new high, bolstered by growth in green energy sectors. Silver industrial fabrication is expected to rise by 3%, exceeding 700 million ounces for the first time. Investment demand is also projected to grow by 3%, driven by recovery in Europe and North America. (You can now subscribe to our ETMarkets WhatsApp channel)
